Jan 30, 2021 10:48 PM IST
The Regulation of Official Digital Currency Bill, 2021 is likely to be introduced in the Budget Session of Parliament. The bill, if passed, will prohibit the use of cryptocurrency as legal tender and currency.
- Oct 31, 2020 02:37 PM IST
Garg told Moneycontrol that he wrote the blog post to express what he had done in the past one year and his future plans, but it would have been incomplete without talking about his last few months in government.
- Jun 02, 2020 10:54 PM IST
Garg also said that the government's Rs 21 lakh crore stimulus package is actually of only Rs 1.4-1.5 lakh crore or about 0.7 percent of the country's gross domestic product (GDP).
- Apr 16, 2020 10:45 PM IST
In a blog, Garg said the government's tax and non-tax revenues are likely to decline by around Rs 5 lakh crore, while on the expenditure side additional financing of about Rs 6 lakh crore would be required.
- Jan 19, 2020 07:11 PM IST
Garg also said that the underlying tax revenue situation is grim, he said adding that it is the right time to initiate much needed reforms in the taxation structure.
- Aug 05, 2019 08:43 PM IST
The panel is likely to suggest a phased transfer of the RBI's excess funds to the government.
- Jul 26, 2019 06:35 PM IST
Finance Minister Nirmala Sitharaman in Budget 2019-20 announced that the government would start raising a part of its gross borrowing programme from external markets in foreign currencies.
- Jul 26, 2019 12:04 PM IST
Chakraborty takes over at a time when the government finds itself in a logjam with over transfer of RBI’s surplus reserves; announcements about an overseas borrowing plan has also generated a lot of heat
- Jul 25, 2019 05:37 PM IST
On July 24, the former finance secretary was moved to the power ministry to replace Power Secretary Ajay Kumar Bhalla who is now appointed as the new Home Secretary, with the government appointing him Officer on Special Duty in the high-profile ministry on July 24.
- Jul 25, 2019 11:53 AM IST
Garg is a 1983-batch IAS officer from Rajasthan cadre
- Jul 12, 2019 05:31 PM IST
Finance Secretary Subhash Chandra Garg said the proposed tax on listed companies is aimed at discouraging share buybacks and encouraging investments
- Jul 08, 2019 11:45 AM IST
Garg said the capital requirement for state-run insurance companies is still being worked out
- May 30, 2019 07:21 PM IST
The committee on ECF was set up by the central bank in December last year and was expected to submit its report within 90 days from the date of its first meeting.
- Apr 04, 2019 09:52 PM IST
The government in the interim Budget in February revised upward the fiscal deficit target to 3.4 per cent from 3.3 per cent of GDP estimated earlier for the financial year ended March 31.
- Mar 08, 2019 08:15 PM IST
The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved designating Garg as the Finance Secretary, it said.
- Mar 08, 2019 07:14 PM IST
As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 per cent for the current fiscal year ending March 31.
- Feb 04, 2019 02:46 PM IST
Department of Economic Affairs Secretary Subhash Chandra Garg tells Moneycontrol in an interview that the government will achieve the targetted Rs 80,000 crore of disinvestment revenues in 2018-19
- Jan 29, 2019 09:45 AM IST
While there is no formal declaration by the Indian government on the legalisation of cryptocurrencies, the response has made it clear the government is planning to regulate them
- Jan 05, 2019 05:17 PM IST
Following the IL&FS defaults, many major NBFCs like DHFL and Indiabulls among others had bad times leading to a massive fall in their stock prices.
- Jan 04, 2019 12:09 PM IST
Economic Affairs Secretary says the printing of Rs 2,000 notes is going on as per projected requirement
- Dec 19, 2018 06:58 PM IST
Economic Affairs Secretary Subhash Chandra Garg on Wednesday said the government will seek interim dividend from the Reserve Bank of India.
- Nov 30, 2018 06:45 PM IST
The government data released Friday shows India's economy grew at 7.1 percent in July-September, lowest in three quarters.
- Nov 09, 2018 02:05 PM IST
DEA Secretary Subhash Chandra Garg has ruled out any immediate request for transfer of a part of RBI’s funds. But he said the government is proposing to review and define uses of funds on the central bank’s balance sheet.
- Nov 02, 2018 04:15 PM IST
Acharya, in his much talked about speech last week, had raised the issue of autonomy of central bank and undermining the central bank's independence could be "potentially catastrophic".
- Oct 30, 2018 01:47 PM IST
"What has been affected is financial sector investment. We have seen some withdrawal specially in the debt market. This year we have seen close to about USD 10-11 billion of outflows. This volatility is what concerns us,” Garg said speaking at an event here.